The U.S. Securities and Exchange Commission (SEC) has decided to temporarily postpone the approval of two proposed cryptocurrency ETFs, including Dogecoin and XRP, according to the latest documents.
The regulatory agency has announced a delay in the decision deadline regarding the listing of these ETFs until June.
These documents are a response to requests from March by the NYSE Arca and Cboe BZX Exchange in the U.S., seeking to list Bitwise's Dogecoin ETF and Franklin Templeton's XRP ETF.
Notably, on the same day, Nasdaq – another U.S. exchange – also submitted a request to be allowed to list the 21Shares Dogecoin ETF.
Dogecoin is currently the most traded memecoin globally, with a market capitalization of approximately $26 billion as of April 29, according to data from CoinGecko. XRP, the native token of the XRP Ledger blockchain network, has a market capitalization of approximately $133 billion, based on data from CoinGecko.
